Regulation· ★★★★· bearish·

UK sanctions three crypto exchanges tied to Russia

  • —The 38-designation package covers three crypto exchanges and several payment services
  • —Sanctions hit Xeltox Enterprises, operator of Cryptomus, Heleket and Certa Payments
  • —The A7 network claimed to have moved over $90 billion through its channels
  • —Assets of the named firms in the UK are frozen and financial institutions are barred from dealing with them
Why it matters: Tightening sanctions on crypto infrastructure used to evade restrictions narrows liquidity channels for sanctioned jurisdictions.
Source: Bit2Me News